Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (29,787,894) $ (12,578,701)
Adjustments to reconcile net loss from operations to cash used by operations:    
Depreciation 415,163 286,316
Stock based compensation 1,076,120 853,609
Write down of inventory 78,917
Accounts receivable 403,700 (536,600)
Inventory (5,003,498) (3,568,972)
Prepaid expenses and deposits (1,646,187) 733,469
Accounts payable 6,187,498 1,737,918
Accounts payable, related parties 72,242 (343,638)
Net cash used by operations (28,282,856) (13,337,682)
Cash flows from investing activities:    
Capital expenditures (85,576) (148,095)
Proceeds from lease receivable 134,493
Net cash provided by (used in) investing activities 48,917 (148,095)
Cash flows from financing activities:    
Payments on long-term debt (69,348)
Conversion of note payable (2,722,500)
Shareholder advances, net of repayments 7,000 1,309,073
Issuance of common and preferred stock 37,032,831
Exercise of warrants and options 633,863 10,271,294
Net cash provided by financing activities 37,604,346 8,857,867
Change in cash and cash equivalents 9,370,407 (4,627,910)
Cash at the beginning of the period 469,570 7,677,163
Cash at the end of the period $ 9,839,977 $ 3,049,253